Use the Table Below to Answer the Following Question

question 97

Multiple Choice

Use the table below to answer the following question.
Table 8.1.2
-Table 8.1.2 gives total utilities for Jim and Sally.Which one of the following statements is true?

• A)Jim has increasing marginal utility.
• B)For Sally,the marginal utility of the third unit consumed is 6.
• C)If Jim consumes 2 units,his total utility is 34 units.
• D)Jim and Sally receive the same marginal utility from the third unit consumed.
• E)If Sally consumes 2 units,her total utility is 10 units.

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Definitions:

Budget Constraint

A concept in economics that represents all the combinations of goods and services a consumer can afford given their income level and the prices of goods.

Good X

Good X typically represents a hypothetical product used in economic models and problems to explain various concepts.

Good Y

Refers to a specific product or commodity in an economic model or discussion, distinct from others by its characteristics or use case.

Budget Constraint

The limitations on the consumption patterns of individuals or households, given their income and the prices of goods and services.